The international debt crisis of the Third World : causes and consequences for the World economy /
Peter Nunnenkamp.
- New York : St. Martin's Press, 1986.
- xvi, 205 pages ; 23 cm.
Includes list of tables.
Includes bibliographical references (pages 187-197) and indices.
Part I: The setting : 1. Developing countries' deteriorating debt situation -- 2. International indebtedness of different developing country groups -- 3. Differences between major Third World borrowers . Part II: The causes : 4. Identifying problem borrowers -- 5. External shocks as causes for debt problems -- 6. Relevance of domestic policies in borrowing countries -- 7. Imprudent lending by commercial banks? Part III: Possible consequences : 8. The thirties and the eighties: a comparison -- 9. Possible international impact of borrowing countries' defaults. Part IV: Possible solutions : 10. Debt rescheduling and the role of the IMF -- 11. Hope for improvement in international economic conditions -- 12. Reorganising international debt: longer-term proposals -- 13. Elements of a longer-term solution of international debt problems: a summary.
"This... book provides an authoritative, up-to-the-minute account of the origins, reasons and repercussions of the debt crisis. It considers why commercial banks as the major creditors were so eager to channel huge amounts of money into the Third World. If creditors of commercial banks fear heavy losses, they will be tempted to withdraw their deposits thus striking at the heart of the credit pyramid at the centre of the financial system." -- From the dust jacket.